Jawbone begins liquidation, report says

LOS ANGELES — Jawbone, the once popular fitness tracking and bluetooth speaker company, has exited the business, according to a report in The Information.

Jawbone, once valued at $3 billion, has begun liquidation proceedings, says the report. Co-founder and CEO Hosain Rahman has founded a new company called Jawbone Health Hub that will make health-related hardware and software services.

A representative for Jawbone declined to comment.

Existing Jawbone products like the Up fitness trackers are listed on the company website, but without links to purchase. Amazon mostly has used editions for sale, and Best Buy features one older Jambox boombox for $129.

The move by Jawbone isn't a surprise—reports of a potential shutdown have been around for quite some time, exasperated by the slow response, if any to Jawbone's customer service.

Jawbone got locked in a heated battle with rival Fitbit that resulted in multiple lawsuits.